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US durable goods order falls sharply (-5.1%) in December

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 28, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - Durable goods order in December fell 5.1 per cent after having stagnated in November. Excluding transportation it dropped sharply 1.2 percent. It was expected to fall 0.1 per cent. Excluding defense, new orders decreased 2.9 percent.

    New orders for manufactured durable goods in December decreased $12.0 billion or 5.1 percent to $225.4 billion, the U.S. Census Bureau announced today. This decrease, down four of the last five months, followed a 0.5 percent November decrease.

    Inventories of manufactured durable goods in December, up following five consecutive monthly decreases, increased $2.1 billion, or 0.5 percent, to 397.9 billion. This followed a 0.2 percent November decrease.

    Nondefense new orders for capital goods in December decreased $11.3 billion or 15.0 percent to $64.4 billion.

    Unfilled orders for manufactured durable goods in December, down following two consecutive monthly increases, decreased $5.6 billion or 0.5 percent to $1,187.6 billion. This followed a 0.1 percent November increase.
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